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Electric Royalties
(OTC:ELEC)
Electric Royalties (ELEC) vs. S&P 500 (SPY)
Electric Royalties Business Overview & Revenue Model
Electric Royalties Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 10.74K | 165.81K | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -98.87K | -289.69K | -6.82K | -4.54K | 0.00 | 0.00 | EBIT |
| -1.58M | -1.30M | -1.90M | -2.27M | -326.03K | -51.00K | EBITDA |
| -6.10M | -5.60M | -2.07M | -2.26M | -326.03K | -51.00K | Net Income Common Stockholders |
| -7.05M | -6.00M | -1.92M | -2.30M | -2.64M | -50.87K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 96.05K | 442.52K | 1.24M | 2.10M | 2.58M | 96.05K | Total Assets |
| 102.31K | 18.01M | 18.41M | 15.54M | 5.22M | 102.31K | Total Debt |
| 0.00 | 4.36M | 25.32K | 30.51K | 0.00 | 0.00 | Net Debt |
| -96.05K | 3.91M | -1.21M | -2.07M | -2.58M | -96.05K | Total Liabilities |
| 53.18K | 4.49M | 155.64K | 367.73K | 123.06K | 53.18K | Stockholders Equity |
| 49.13K | 13.52M | 18.25M | 15.17M | 5.09M | 49.13K |
| Cash Flow | Free Cash Flow | ||||
| -3.07M | -5.34M | -3.99M | -2.00M | -3.03M | -76.00 | Operating Cash Flow |
| -1.33M | -1.38M | -2.04M | -1.50M | -1.78M | -76.00 | Investing Cash Flow |
| -1.68M | -3.85M | -1.64M | -1.01M | -1.23M | 122.00 | Financing Cash Flow |
| 2.99M | 4.44M | 2.82M | 2.03M | 5.50M | 96.00K |
Electric Royalties Technical Analysis
Electric Royalties Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $43.58B | 57.57 | 9.38% | 0.92% | -7.22% | ― | |
69 Neutral | C$1.15B | 11.45 | 19.20% | 1.45% | -27.13% | 987.10% | |
56 Neutral | $5.66B | 253.93 | 1.33% | 0.88% | 1.62% | -232.31% | |
49 Neutral | C$373.81M | ― | -42.57% | ― | ― | 51.26% | |
47 Neutral | $2.64B | -3.21 | -21.68% | 3.30% | 4.19% | -30.23% | |
39 Underperform | C$13.43M | ― | -43.97% | ― | -93.08% | -381.33% | |
33 Underperform | C$2.49M | ― | -15.83% | ― | ― | -1.20% |
Electric Royalties Corporate Events
Electric Royalties announced the successful closing of a C$2.5 million equity financing, part of which will be used for a new copper-gold royalty in Chile. The company has achieved significant milestones, including financing for projects like Battery Hill and Seymour Lake, and is advancing several key assets. Developments include progress in metallurgy at Mont Sorcier, promising exploration results at the Punitaqui copper-gold mine, and resource updates at the Graphite Bull Project. These updates reflect the company’s strategic growth and positioning within the clean energy metals industry.
Electric Royalties Ltd. has successfully closed both a brokered and a non-brokered private placement, raising a total of C$2,504,682. These funds will be used to complete a payment for a royalty acquisition on the Punitaqui copper mine in Chile and for general corporate purposes. The strong participation from existing and new shareholders positions the company to further capitalize on strategic opportunities within its royalty portfolio, following recent positive developments in its flagship lithium and manganese royalties.
Electric Royalties Ltd. announced that Manganese X Energy Corp. will receive a significant investment from Eric Sprott to fund a pre-feasibility study for the Battery Hill Manganese Project in New Brunswick. This move highlights the project’s potential to become a key supplier of high-purity manganese for the battery industry, with promising economic forecasts.
Electric Royalties Ltd. has announced an amended offering document for its private placement of up to 22,222,223 units, aiming to raise approximately $4 million. Each unit, priced at C$0.18, includes a common share and a purchase warrant, with the offering contingent on raising at least $1.5 million. The offering is expected to close by January 9, 2025, subject to regulatory approvals.
The Canadian government, through Export Development Canada, has shown strong support for Electric Royalties’ Seymour Lake Lithium Project by offering up to C$100 million in potential financing. This move is set to boost the project’s development, positioning it as a key player in Ontario’s lithium production and Canada’s critical minerals supply chain.
Electric Royalties Ltd. is set to raise up to C$4 million through a private placement, offering investors a chance to capitalize on the growing demand for electric vehicle and renewable energy commodities. The proceeds will support its acquisition of a royalty related to a Chilean copper mine, enhancing its diverse portfolio tied to the electrification revolution.
Electric Royalties Ltd. has announced significant progress across its diverse royalty portfolio, including advancements in projects related to copper, graphite, and vanadium. The company is seeing substantial developments at several projects, with potential future cash flows as these projects advance closer to mining and production stages.
Electric Royalties has successfully acquired a 0.75% gross revenue royalty on the Punitaqui copper mine in Chile, marking its first cash-flowing copper royalty. This strategic acquisition is expected to provide a steady revenue stream and bolster the company’s growth in its clean energy metals portfolio.
Electric Royalties Ltd. has drawn C$3,050,000 from its convertible credit facility to help finance the acquisition of a 0.75% Gross Revenue Royalty on the Punitaqui copper mine in Chile. The credit facility allows for conversion of the loan into shares at a specified rate, with a maximum interest rate of 12.5%.
Electric Royalties has struck a deal to acquire a 0.75% gross revenue royalty on the producing Punitaqui copper mine in Chile for C$3.5 million. This move positions the company to benefit from the growing demand for copper, driven by the global shift towards clean energy and AI data centers. With increased production and rising metal prices, Electric Royalties sees potential for enhanced revenue and sustainable copper output.